Drdgold Ltd. · JSE:DRD
Drdgold — 121 Investment New York Conference 2026
25 slides from Drdgold's conference presentation, Jun 16, 2026
Slide 1: 121 Investment New York Conference
121 Investment New York Conference Niël Pretorius 15 – 16 June 2026 Chief Executive Officer Risk and Insurance Information 2026
Slide 2: Disclaimer
Disclaimer Nine months ended 31 March 2026 Many factors could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, adverse ch
Slide 3: About DRDGOLD
About DRDGOLD JSE and NYSE listed gold producer New York USD 2.19 billion market capitalisation (as at 31 March 2026) Annual production profile of ~150 000 oz South-Africa-based gold producer through Johannesburg large-scale, on-surface, mechanised tailings Ergo Two operations located on world- recl
Slide 4: What we do
What we do Low grade resource means economies of scale High-pressure hydro-mechanical reclamation High plant extraction efficiencies 24/7 operations 1. 4. Highly Gold mechanised recovered from high-pressure slurry through hydro-mining of extensively discarded automated mine-tailings process 2. 5. Sl
Slide 5: Nine months ended 31 March 2026: A snapshot of current capacity
Nine months ended 31 March 2026 | A snapshot of current capacity 19 consecutive years of dividends. Zero debt. Capital deployed with purpose. Debt-free: Revenue Operating profit clean balance sheet with strong cash position USD 470.8 m USD 268.2 m +80% +82% 2025: USD 313.3 m 2025: USD 131.5 m R8 016
Slide 6: Capital Allocation Strategy
Capital Allocation Strategy Capital deployed with purpose Dividend Policy Capital Allocation Framework • Our capital allocation framework prioritises funding Vision 2028 Sustaining capital first while maintaining balance sheet strength. Within this framework, Safe, compliant, reliable operations and
Slide 7: Mineral Resources and Mineral Reserves
Mineral Resources and Mineral Reserves Tonnes Grade Au Au ounces Mineral Resources reconciliation Mt g/t Moz Mineral Resources at 30 June 2025 685.30 0.28 6.27 Addition of Kloof 2 Dump 67.28 0.22 0.48 Depletion of Mineral Resources (12.16) 0.35 (0.13) Survey adjustments 0.72 0.34 0.01 Mineral Resour
Slide 8: The next Chapter
The next Chapter Vision 2028, a model for organic growth and asset optimisation Organic, ongoing growth Short to medium-term strategic plan to expand primary operations, Ergo and FWGR, to enable them to extend their operating lives, increase throughput capacity, deposition capacity and to ensure tha
Slide 9: The Five Pillars of Vision 2028
The Five Pillars of Vision 2028 Our Big 5: Capital projects 01 02 03 04 05 Pipeline linking Re-commissioning Expansion of Construction of Construction of Ergo Plant to of Withok TSF DP2 plant Regional Tailings pipeline linking DP2 Daggafontein TSF to Storage to RTSF resume deposition Facility (RTSF)
Slide 10: Our immediate priorities
Our immediate priorities Advancing Vision 2028 while creating the foundation for long-term expansion Short-medium term Long-term Maintaining production to fund Vision2028. Grow resources to take full advantage of Commencing systematic commissioning of various reclamation, increased volume throughput
Slide 11: FWGR RTSF
FWGR RTSF One asset, two horizons • Total deposition capacity: 800 million tonnes (Mt) • Current reserves: 200Mt • Design life: 30 years, final height 108m • Eventual deposition rate: 1.2Mtpm (Y1–3), 1.8Mtpm (Y4–6), 2.4Mtpm (Y7+) • Stage 1 capacity: 278Mt (12 years); Stage 2: 522Mt (18 years) • 55%
Slide 12: DP2 Plant Expansion
DP2 Plant Expansion
Slide 13: Construction of 135km of pipeline infrastructure linking DP2 to the RTSF
Construction of 135km of pipeline infrastructure linking DP2 to the RTSF Expansion
Slide 14: Daggafontein TSF
Daggafontein TSF 120 mt capacity & pipe-line to Ergo
Slide 15: 60MW Solar plant and 187MWh battery energy storage system up and running
60MW Solar plant and 187MWh battery energy storage system up and running 76GWh solar energy produced (approximately 53% of Ergo's current energy needs) for the 6 month period ended 31 December 2025
Slide 16: Sustainability is our business model
Sustainability is our business model Gold production and environmental restoration occur concurrently, creating value for shareholders, communities and ecosystems. We maximise water reuse and We are waste neutral. All our We return the land. energy self generation. ~95% production comes from retreat
Slide 17: Long-term strategic growth for DRDGOLD
Long-term strategic growth for DRDGOLD Positioned for growth with added throughput and production capacity from 2028 Vision 2028 has the potential for growth beyond 2028 (1.8 Mtpm up to 2.4 Mtpm over the next 7 years) 19 years of uninterrupted dividends, zero debt, full exposure to gold price Proven
Slide 18: Contact us
Contact us Niël Pretorius Investor and media relations Registered office Shareholder data Chief Executive Officer Email: Constantia Office Park (Incorporated in the Henriette Hooijer DRDGOLD_Communications Cnr 14th Avenue and Republic of South Africa) Chief Financial Officer @thirdactconsultants.com
Slide 19: How we are structured
How we are structured • South Africa’s oldest continuously listed Sibanye Gold Prop Limited mining company still in operation, 22.5% established in 1895 JP Morgan Chase Bank (ADRs) • Listed on the Johannesburg Stock Exchange (JSE) and the New York Stock Exchange 0.1% (NYSE) 50.1% GEPF 6.9% • Market
Slide 20: Group operating trends
Group operating trends For the six months ended 31 December 2025 Volume (000t) Yield (g/t) Production (kg) 12,916 2,564 13,000.0 12,697 0.199 0.200 0.188 2,500 2,266 2,337 12,456 0.178 2,000 12,000.0 0.150 1,500 0.100 1,000 11,000.0 0.050 500 10,000.0 0.000 0 HY1 FY2025 HY2 FY2025 HY1 FY2026 HY1 FY2
Slide 21: Group financial trends
Group financial trends For the six months ended 31 December 2025 Operating margin (%) All-in sustaining costs margin (%) 48.3 60.0 50 42.3 53.7 40 35.0 50.0 47.7 30 41.5 20 40.0 10 30.0 0 HY1 FY2025 HY2 FY2025 HY1 FY2026 HY1 FY2025 HY2 FY2025 HY1 FY2026 Free cash flow (Rm) HEPS (cents per share) 908
Slide 22: Financial review: Statement of profit and loss
Financial review: Statement of profit and loss For the six months ended 31 December 2025 Six months ended 31 December 2025 Six months ended 31 December 2024 Rm USDm Rm USDm Revenue 5 053.2 291.08 3 802.3 211.95 Cost of sales (2 591.4) (149.27) (2 490.4) (138.82) Gross profit from operating activitie
Slide 23: Financial review: Statement of financial position
Financial review: Statement of financial position As at 31 December 2025 As at 31 December 2025 As at 30 June 2025 As at 31 December 2024 Rm USDm Rm USDm Rm USDm Property, plant and equipment 10 027.2 605.42 8 542.2 481.39 7 468.5 396.19 Non-current investments and other assets 1 600.8 96.65 1 382.0
Slide 24: Financial review: Statement of cash flows
Financial review: Statement of cash flows For the six months ended 31 December 2025 Six months ended 31 December 2025 Six months ended 31 December 2024 Rm USDm Rm USDm Net cash inflow from operating activities 2 309.1 133.01 1 283.0 71.52 Cash generated from operations 2 498.0 143.89 1 205.6 67.20 F
Slide 25: Sustainably Gold: Reclaim | Restore | Return
i ositioning r Growth SUSTAINABLY GOLD RECLAIM | RESTORE | RETURN VN DRDGOLD LIMITED We don't’ dig deeper, we think smarter...